Ethan Allen Interiors Inc. and its subsidiaries (collectively, "Ethan Allen" or the "Company") (NYSE:ETH)
In anticipation of questions about business trends at upcoming meetings next week with financial analysts, Ethan Allen's Chairman and CEO, Farooq Kathwari commented, "While there are economic headwinds, we have continued to maintain our progress in written business (booked orders) during the months of April and May. We are benefitting from many marketing and operations initiatives taken during the last several years especially during the last three years with the advent of the 'Great Recession'. We also continue to benefit from the leverage of our vertically integrated structure."
About Ethan Allen
Ethan Allen Interiors Inc. is a leading interior design company and manufacturer and retailer of quality home furnishings. The Company offers free interior design service to its clients and sells a full range of furniture products and decorative accessories through ethanallen.com and a network of approximately 280 Design Centers in the United States and abroad. Ethan Allen owns and operates seven manufacturing facilities in North America, including five manufacturing plants and one sawmill in the United States and one manufacturing plant in Mexico. Approximately seventy percent of its products are made in its United States plants. For more information on Ethan Allen's products and services, visitethanallen.com.
This press release should be read in conjunction with the Company's Annual Report on Form 10-K for the year ended June 30, 2010 and other reports filed with the Securities and Exchange Commission. This press release and related discussions contain forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect management's current expectations concerning future events and results of the Company, and are subject to various assumptions, risks and uncertainties. Accordingly, actual future events or results could differ materially from those contemplated by the forward-looking statements. The Company assumes no obligation to update or provide revision to any forward-looking statement at any time for any reason.
Ethan Allen Interiors Inc.
Investor / Media Contact:
David R. Callen, 203-743-8305
Vice President Finance & Treasurer
In anticipation of questions about business trends at upcoming meetings next week with financial analysts, Ethan Allen's Chairman and CEO, Farooq Kathwari commented, "While there are economic headwinds, we have continued to maintain our progress in written business (booked orders) during the months of April and May. We are benefitting from many marketing and operations initiatives taken during the last several years especially during the last three years with the advent of the 'Great Recession'. We also continue to benefit from the leverage of our vertically integrated structure."
About Ethan Allen
Ethan Allen Interiors Inc. is a leading interior design company and manufacturer and retailer of quality home furnishings. The Company offers free interior design service to its clients and sells a full range of furniture products and decorative accessories through ethanallen.com and a network of approximately 280 Design Centers in the United States and abroad. Ethan Allen owns and operates seven manufacturing facilities in North America, including five manufacturing plants and one sawmill in the United States and one manufacturing plant in Mexico. Approximately seventy percent of its products are made in its United States plants. For more information on Ethan Allen's products and services, visitethanallen.com.
Ethan Allen Interiors Inc.
Investor / Media Contact:
David R. Callen, 203-743-8305
Vice President Finance & Treasurer